President Bush Signs Internet Tax Freedom Act

It's final, President Bush signed H.R. 3678, the "Internet Tax Freedom Act Amendment Acts of 2007," into law this week. The law prohibits multiple and discriminatory taxes on electronic commerce until Nov. 1, 2014. Congress voted unanimously in favor of the extension Tuesday. Bush signed it into law Wednesday. The Computing Technology Industry Association (CompTIA) praised the last-minute move. Roger Cochetti, group director of U.S. Public Policy for CompTIA, said in a statement. "Congress's decision to extend the moratorium on Internet access taxes and multiple or discriminatory taxes on internet sales for an unprecedented seven years signals this Congress' firm belief that the Internet is priceless engine for economic, social and civic advancement in the United States that must not be burdened with discriminatory and abusive tax schemes."